Badenoch sets sights on battle with the Bank Banking The City is in the mood for a regulatory bonfire and Kemi Badenoch hopes to be the one to light the flame. In this week’s column, Samuel Norman looks at the roadblocks she may face on her pursuit. “Don’t forget about Andrew Bailey.” That was the parting shot I got from a former Bank of [...]
Conservatives will slash the regulations holding the City back Opinion The reforms Kemi Badenoch announces today will see the end of ringfencing and the end of an unfair international disadvantage imposed through capital requirements set by regulators. This is only the start. We will go further, says Andrew Griffith If, like me, you left university to work in the city in the 1990s, you will [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation Banking Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Kevin Warsh tears up forward guidance on rate moves at the Fed June 17, 2026 Kevin Warsh, the chairman of the Federal Reserve, signalled a major change to how the US central bank handles the run-up to its key interest rate decisions overnight, telling investors across global markets that “we’ve dropped forward guidance”. There was concern in the City that it could mean a decline in the level of transparency over [...]
Banks ‘not ready’ for motor finance scheme, says City watchdog June 9, 2026 The City watchdog has warned that motor finance lenders are “not as ready as we would expect” for the introduction of its long-awaited redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has written to the Treasury Committee following inquiries around the legal challenges to its car mis-selling scheme. The regulator published [...]
Inside City’s latest Irish pub: London’s poshest Guinness served here June 5, 2026 The Square Mile’s latest Irish pub, London’s poshest, serves steaks with a Guinness jus From the polished mahogany bartops to the Prince-Charles-pulling-a-pint photos, pubs tend to trade on their ubiquity. No one wants to think about design credentials when they go for a pint. Or do they? The Horsemen & Fitzgerald’s, a new City watering [...]
City chiefs issue rallying cry to counter ‘disinformation’ about London’s decline June 3, 2026 A group of influential City chiefs have thrown their weight behind an industry-wide campaign to tackle “disinformation about London” and promote the capital as an innovative hub for global investment. All four of the financial sector’s largest industry bodies have signed up to Team UK, a new initiative spearheaded by the Lady Mayor of London, [...]
Former deputy PM Dominic Raab moves into PR with advisory role at Kreab May 21, 2026 Dominic Raab, the former deputy prime minister, is joining the City arm of communications consultancy Kreab as a senior adviser specialising in defence and intelligence. Raab’s new role will see him advising clients on defence and security challenges, including domestic politics, public policy and international geopolitics. Kreab, a leading global strategic communications and public affairs consultancy, [...]
The Square Mile gets its fourth City Minister – could it soon get its fifth? May 20, 2026 Four City minsters later, in this week’s column Samuel Norman takes a look at the blow to the Square Mile from the latest reshuffle. Also on the agenda: Revolut’s plans for the high net worth faces off with ambitions of incumbents. “Look for the girl with the sun in her eyes…” So goes the lyrics [...]
Lazy Coffee is the best coffee in the City – this is how they do it May 19, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the past winners. Today we caught up with Lazy Coffee founder Matthew Staite, whose Abchurch Yard coffee cart won the Best Coffee award. To nominate your favourite Square Mile spots for the 2026 awards, from bars [...]